Latest Blog

Friday Energy Update 28/7/23

Simon van Os

28/7/2023

Business Efficiency

There has been a lifting of prices over the last 7 days albeit mildly.

This can be attributed to the following reasons:

  • Lack of LNG – This decreased by 17% when     compared to the same day last week.
  • Drop in wind output to cover shortfall.
  • Further Norwegian plant maintenance. Scheduled     for next week – First week in August.
  • Increased demand from lower temperatures.

Once temperatures increase in the UK and cool in Europe then this may help the market although we may only see a plateau due to the Global LNG pressures currently. If this goes into Autumn/Winter then we will probably see larger increases over this period prior to decreases again from Spring. Particularly if there is still maintenance issues in Norway as they are the UK’s largest supplier – at around70% of our needs.

Get in touch
We are currently saving our clients, up to 60% on their utility bills. Please feel free to contact our Business Efficiency Team, on 01273 424904. So, we can provide you with recommendations around reducing your energy costs.

Information provided on energy prices is subject to constant change and is influenced by numerous factors, such as supply and demand, market conditions, geopolitical events, and weather patterns. As such, any information or analysis provided on energy prices is intended for general informational purposes only and should not be relied upon as a sole source of information or as a substitute for professional advice.

While we strive to provide accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or reliability of the information provided. Any reliance on such information is at your own risk, and we shall not be held responsible for any loss or damage resulting from the use of such information.

Additionally, please be aware that energy prices can fluctuate rapidly and can be affected by unforeseen events. Therefore, any information provided on energy prices may be subject to change without notice.

Back to all news